Australian Entrepreneur Is Taking on eBay and Tackling the Global Financial Crisis Head on!

NEW YORK, June 24 /PRNewswire/ -- Australian Entrepreneur, Franco Lagudi is stirring up the waters for eBay and other 'buy and sell' sites in the US with an offering unmatched by any others in this space. Thousands of Americans are flocking to the site to sign up and create their own SOC Exchange marketplaces... and make some 'quick cash' in these financially treacherous times.

Lagudi announced an innovative, new membership rewards program that puts cash directly into the pockets of its members who refer friends. The SOC Exchange will pay current members a cash referral fee called a 'SOC Fee' for every friend who signs up for a one year subscription of $10, using their unique Referral ID. Upon request for payment, 'SOC Fees' will be paid directly into a member's PayPal account within 10 days from every Saturday. The 'SOC Fee' amount is published on the website.

"What's even better is that all new members will have the opportunity to earn a 'SOC Fee.' We will continue to support our members in any way we can," Lagudi stated.

Lagudi had a dream -- to make it easy and affordable for everyone to own their piece of the net. Today, his dream is a reality and The SOC Exchange's novel service offering is attracting a big following in the online space, in a market previously dominated by eBay.

The concept is simple. For just $1 per month or $10 per year, flat rate, people can have their own unique website within The SOC Exchange portal (www.thesocexchange.com) on which they can list and sell as many items as they want, with no commission fees and no extra charges.

"We're not intentionally trying to be David battling the much larger Goliath here, what we are offering is carving into eBay's share of the market," Lagudi commented. "We are giving sellers the opportunity to set up their own online marketplace where they can conduct as much trade as they want and 100% of the profit stays in their pocket."

"We are continually being told by internet users that they are fed up with the commissions and charges. The SOC Exchange gives the online community a choice and we will be vigilant in keeping the online space affordable for everyone." The SOC Exchange allows sellers to list 'buy now' prices with the option for buyers to also submit best offers on items, making it easier and more transparent for buyers and sellers to interact, he said.

The SOC Exchange offers 'sellers' and 'advertisers' the capacity to list literally anything and everything -- from video games, scrapbooking & craft materials, cars and real estate, to baby items, boats, computers, sporting memorabilia, jewelry, jobs and resumes.

'Members' get their own, customizable website, loaded with 'value add' IT features -- with a unique URL -- and have the capacity to add images and even post a blog -- all for the set up fee of just $1 per month or $10 per year.

"With no additional fees or commissions and a phenomenal 'cash back' member rewards program, it's no wonder consumers are flocking to The SOC Exchange," Lagudi added.

Buyers can register with the site free of charge and then browse the numerous categories, search by product name or within a set distance from their location, or go directly to a seller's site. Buyers can also bookmark sites and register with their favorite sellers for email updates and information on new products.

"At a time when every cent counts, The SOC Exchange is helping consumers build a new online business, extend an existing one or simply make some extra money. You can sell anything you want and sell as much as you want for $1 per month or $10 per year, flat rate," Lagudi stated.

About The SOC Exchange

The SOC Exchange is an e-commerce site founded in 2008 that allows the online sale of an unlimited number of goods for a flat subscription fee of $1 per month or $10 per year. The site collects no additional commissions or listing fees and provides each seller with their own webstore, customized URL and an extensive collection of online marketing tools to maximize sales. TheSOCExchange.com also offers its online platform for careers, auto and real estate. For more information, please visit TheSOCExchange.com.

SOURCE The SOC Exchange

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